The Treasury postpones the debate on the tax reform after ERC’s refusal to eliminate the tax on energy companies

This Monday, the ERC parliamentary group forced the postponement of the debate on the tax reform in the Congress of Deputies after clashing with the PSOE over the tax on energy companies. The Finance Commission will finally be held on Thursday, so the Government’s partners have gained time to continue negotiating. Of course, the “package [o reforma] fiscal 2025” will no longer be voted on in the Plenary Session on the same Thursday.

This Monday, just before the start of the Finance Commission, scheduled for 4:30 p.m., PSOE and Sumar have reached an agreement on the tax on banks, another tribute to luxury and an increase in capital income. However, the pact, to which elDiario.es has had access, does not include anything about energy.

“Esquerra Republicana had informed the PSOE of its vote against this Bill. Any measure that seeks to favor banks and electricity companies will not find our support. The PSOE must negotiate again,” ERC has defended. The reality is that despite having parallel agreements for the support of Junts, PNV and Sumar to obtain the opinion at least in committee, neither ERC nor EH Bildu nor Podemos are willing to give their votes to a text that does not make permanent the tax on electricity companies.

The Republicans have warned that they would reject the ruling this Monday and that is why the PSOE has asked the Commission Table to call off the vote for this Tuesday to avoid an early defeat. With this movement, the investiture bloc is given a few more days to negotiate but it will delay the entire parliamentary procedure that was scheduled to end on Thursday with the vote in the Plenary.

Everything has been unleashed after a negotiation in the last hours that has crystallized in an agreement between PSOE and Sumar. Those of Yolanda Díaz also demanded to maintain the tax on electricity companies but that point did not appear in the text reached. This pact does contemplate a minimum taxation of 15% on profits for multinationals and large companies, “which is a historical demand of progressive forces and which will finally be achieved with the transposition into our legal system of the Community Directive originating in the agreements of Pillar Two of the OECD”, defends the PSOE-Sumar pact.

Also with respect to companies, the document to which elDiario.es has had access incorporates the desire to “resolve the problems generated by Montoro’s failed tax reform [el ministro de Hacienda del Gobierno del PP de Mariano Rajoy] and advance the collection of large companies and groups of companies by limiting their possibilities of deducting losses and repatriated dividends, or the possibilities of consolidating business groups in Corporate Tax.”